Live Breaking News & Updates on Financial amp commodity market operators service providers nec trbc level 5

Stay informed with the latest breaking news from Financial amp commodity market operators service providers nec trbc level 5 on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Financial amp commodity market operators service providers nec trbc level 5 and stay connected to the pulse of your community

South Korea finance minister says taxing gains from cryptocurrency trading next year 'inevitable'

By Reuters Staff
1 Min Read
SEOUL (Reuters) - South Korea’s finance minister on Tuesday said the government will start taxing capital gains from trading of cryptocurrencies from next year as previously proposed.
“It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” finance minister Hong Nam-ki said in a news conference, when asked the tax should be delayed until the government has proper oversight over the industry.
South Korea had earlier said it will start taxing capital gains from cryptocurrencies starting January next year.
Any annual gains of more than 2.5 million won ($2,253) from trading of cryptocurrencies will be subject to a 20% capital gains tax.

Seoul , Soult-ukpyolsi , South-korea , Cynthia-kim , Shri-navaratnam , Thomson-reuters-trust-principles , Reuters , Hong-nam-ki , Thomson-reuters-trust , Us , Markets , Capital-gains

Analysis: New U.S. credit benchmarks gain traction as Libor deadline approaches

5 Min Read
(Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR).
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will stop being published at the after Dec. 31, while others are scheduled to end in mid-2023.

New-york , United-states , London , City-of , United-kingdom , America , American , Karen-brettell , Daniel-krieter , Daniel-belton , Padhraic-garvey , Richard-sandor

Trafigura sells first carbon-offset naphtha cargo to Brazil's Braskem

By Reuters Staff
2 Min Read
LONDON, April 26 (Reuters) - Trafigura said on Monday that it had sold the first cargo of naphtha, a refined oil product used in plastics, for which the carbon emissions -- from production to delivery -- were offset.
The move reflects a growing trend among oil and gas firms to market their products as cleaner and to secure a future for the fossil fuel industry amid an accelerating energy transition.
Trafigura said in a statement it had sold the cargo, which was shipped last week from Corpus Christi, Texas and is due to arrive in the Brazilian Port of Aratuo, to Brazil’s Braskem.

Geneva , Genè , Switzerland , Indonesia , India , Texas , United-states , London , City-of , United-kingdom , Corpus-christi , Julia-payne

Deutsche Boerse to de-list Coinbase from Xetra and Frankfurt trade

By Reuters Staff
2 Min Read
FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic
BERLIN (Reuters) - Deutsche Boerse said on Wednesday it would de-list the shares of cryptocurrency exchange Coinbase Global from its Xetra trading system and the Frankfurt stock exchange by end of Friday’s trading session.
“The reason for the de-listing is a missing reference data for these shares,” Deutsche Boerse said, adding the de-listing would apply until further notice.
When Coinbase trading started at Deutsche Boerse’s platforms, a wrong reference code - a so-called LEI code - was used by mistake, Deutsche Boerse said. It was not clear whose mistake it was.

Berlin , Germany , Kirsti-knolle , Tom-wilson , Patricia-uhlig , Deutsche-boerse , Thomson-reuters-trust-principles , Reuters , Nasdaq , Coinbase-global , San-francisco-based , Thomson-reuters-trust

Europe Inc eyes record first quarter earnings jump as economy recovers

By Reuters Staff
1 Min Read
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 19, 2021. REUTERS/Staff
MILAN (Reuters) - Europe Inc earnings are expected to have risen a record 61% in the first quarter of 2021, Refinitiv IBES data showed on Tuesday, as the global economy recovers from the severe downturn caused by the coronavirus pandemic.
That would mark the best quarter for Europe Inc since IBES records began around nine years ago and also represents a big improvement compared to last week’s forecast for a 55.7% jump.
The forecasts, which track companies listed on the pan European STOXX 600 equity benchmark, point to revenues rising 2.8% in the first quarter, compared to 2.7% a week ago.

Milan , Lombardia , Italy , United-states , America , Thyagaraju-adinarayan , Danilo-masoni , Thomson-reuters-trust-principles , Europe-inc , Reuters , Thomson-reuters-trust , Us

Exclusive: Grab considering secondary Singapore listing after U.S. SPAC merger - sources

4 Min Read
SINGAPORE (Reuters) - Grab Holdings, Southeast Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares. Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.

China , Malaysia , United-states , Indonesia , Hong-kong , Blackrock , Perak , Singapore , Chinese , Sumeet-chatterjee , Kenneth-maxwell , Permodalan-nasional-bhd

Cathie Wood's Ark buys $246 million of Coinbase shares, sells some in Tesla

3 Min Read
LONDON (Reuters) - Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.
FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
A chunky $168 million of Coinbase shares were added to its flagship ARK Innovation fund, and the remainder went into its next generation and fintech innovation funds.
Notably, one of Wood’s funds sold a $4.4 million stake in New York Stock Exchange owner Intercontinental Exchange.

London , City-of , United-kingdom , Thyagaraju-adinarayan , Kim-coghill , Cathie-wood-ark , Tom-arnold , Thomson-reuters-trust-principles , York-stock-exchange , Intercontinental-exchange , New-york-stock-exchange , Reuters

Coinbase jumps 11% day after Nasdaq debut

2 Min Read
FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
(Reuters) -Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut, done through a direct listing where no shares are sold ahead of the opening, marked another milestone for bitcoin and other digital assets and came amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.

Bengaluru , Karnataka , India , Niket-nishant , Shounak-dasgupta , Fred-ehrsam , Brian-armstrong , Cathie-wood-ark , Sagarika-jaisinghani , Thomson-reuters-trust-principles , Coinbase-global-inc , York-stock-intercontinental-exchange

Crypto flagship Coinbase jumps 11% after stormy Nasdaq debut

2 Min Read
FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
(Reuters) -Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut, done through a direct listing where no shares are sold ahead of the opening, marked another milestone for bitcoin and other digital assets and came amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.

Bengaluru , Karnataka , India , Vinay-dwivedi , Cathie-wood-ark , Devik-jain , Ipek-ozkardeskaya , Sagarika-jaisinghani , Niket-nishant , Shounak-dasgupta , Fred-ehrsam , Brian-armstrong

Cathie Wood's Ark buys into Coinbase, sells a bit of Tesla

Cathie Wood's Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange's Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.

London , City-of , United-kingdom , Thyagaraju-adinarayan , Steen-jakobsen , Cantor-fitzgerald-europe , Kim-coghill , Cathie-wood-ark , Karim-moussalem , Thomson-reuters-trust-principles , York-stock-exchange , Saxo-bank